Lending and repayment of Unpaid Balance Sample Clauses

Lending and repayment of Unpaid Balance a) FFNZ agrees to advance the Initial Unpaid Balance to the Borrower in accordance with the terms, and subject to the conditions, set out in the Agreement.
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Lending and repayment of Unpaid Balance a) FFNZ agrees to advance the Initial Unpaid Balance to the Borrower in accordance with the terms, and subject to the conditions, set out in the Agreement. b) The Initial Unpaid Balance may be paid directly to the Borrower and/or the Client or any entity nominated by the Borrower as applicable to the product applied for by the Borrower and granted by FFNZ under the Agreement. c) The Borrower duly authorises FFNZ to advance the Initial Unpaid Balance to either the Borrower or the Client or any entity nominated by the Borrower in accordance with, and pursuant to, standard FFNZ procedures. d) The Borrower must, subject to the requirements of clause 12.0(a) below (if applicable), repay the Unpaid Balance to FFNZ as follows: i) the Borrower must repay the Total Advances (and, if FFNZ agrees to make them, any further advances) together with interest to FFNZ at the times and in the amounts as set out under the heading “Payments” in the Initial Disclosure Statement; ii) the Borrower must pay the Credit Fees and Charges to FFNZ at the times and in the amounts as set out under the heading “Credit Fees and Charges” in the Initial Disclosure Statement; iii) the Borrower must pay all Overdue Amounts, including Default Interest and Default Fees at the times and in the amounts as set out under the heading “Default Interest Charges and Default Fees” in the Initial Disclosure Statement; iv) the Borrower must pay the Early Repayment Fee to FFNZ upon demand by FFNZ; and v) the Borrower must pay the Other Costs to FFNZ upon demand by FFNZ. e) Every payment to FFNZ under the Agreement must be for the full amount without deduction or set off and shall be by way of direct debit authority on your bank account in accordance with the Direct Debit Terms and Conditions. f) If any amount is payable under the Agreement and no time is specified as the time for payment then that amount is payable immediately without the need for demand. g) If FFNZ obtains judgment for any amount owing to FFNZ, you remain liable to pay us interest at the then applicable interest rate (including any Default Interest Rate) from the date of judgment until the date of payment of the sum awarded by the judgment. h) If any payment or debit from your bank account is reversed or dishonoured, you must make immediate payment by direct credit payment into FFNZ bank account. i) Subject to any contrary mandatory requirements at law, we may determine from time to time the manner in which monies received from you will b...
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Related to Lending and repayment of Unpaid Balance

  • Repayment and Recovery (a) At the End of a Funding Year. If, in any Funding Year, the HSP has not spent all of the Funding the LHIN will require the repayment of the unspent Funding.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

  • Extended Unpaid Leave Upon written request, a permanent employee who has completed two (2) years of service shall be granted unpaid leave to a maximum of twelve (12) months, subject to the operational requirements of the Employer's operations and the availability of qualified replacement staff. An employee shall be entitled to up to a maximum of twelve (12) months unpaid leave for each two (2) years of service with the understanding that no employee can have more than twelve (12) consecutive months of unpaid leave at any one time. While on such leave employees shall continue to accumulate service, unless they would have been otherwise laid off, for seniority purposes only. The minimum amount of unpaid leave an employee may have under this Clause is eight (8) weeks. An employee will not be granted extended unpaid leave to take another position with the same Employer whether inside or outside a bargaining unit.

  • Assuming Bank’s Liquidation of Remaining Single Family Shared-Loss Loans In the event that the Assuming Bank does not conduct a Portfolio Sale pursuant to Section 4.1, the Receiver shall have the right, exercisable in its sole and absolute discretion, to require the Assuming Bank to liquidate for cash consideration, any Single Family Shared-Loss Loans held by the Assuming Bank at any time after the date that is six months prior to the Termination Date. If the Receiver exercises its option under this Section 4.2, it must give notice in writing to the Assuming Bank, setting forth the time period within which the Assuming Bank shall be required to liquidate the Single Family Shared-Loss Loans. The Assuming Bank will comply with the Receiver’s notice and must liquidate the Single Family Shared-Loss Loans as soon as reasonably practicable by means of sealed bid sales to third parties, not including any of the Assuming Bank’s affiliates, contractors, or any affiliates of the Assuming Bank’s contractors. The selection of any financial advisor or other third party broker or sales agent retained for the liquidation of the remaining Single Family Shared-Loss Loans pursuant to this Section shall be subject to the prior approval of the Receiver, such approval not to be unreasonably withheld, delayed or conditioned.

  • Repayment of Amounts Advanced for Network Upgrades Upon the Commercial Operation Date, the Interconnection Customer shall be entitled to a repayment, equal to the total amount paid to the Participating TO for the cost of Network Upgrades. Such amount shall include any tax gross-up or other tax-related payments associated with Network Upgrades not refunded to the Interconnection Customer pursuant to Article 5.17.8 or otherwise, and shall be paid to the Interconnection Customer by the Participating TO on a dollar-for-dollar basis either through (1) direct payments made on a levelized basis over the five-year period commencing on the Commercial Operation Date; or (2) any alternative payment schedule that is mutually agreeable to the Interconnection Customer and Participating TO, provided that such amount is paid within five (5) years from the Commercial Operation Date. Notwithstanding the foregoing, if this LGIA terminates within five (5) years from the Commercial Operation Date, the Participating TO’s obligation to pay refunds to the Interconnection Customer shall cease as of the date of termination. Any repayment shall include interest calculated in accordance with the methodology set forth in FERC’s regulations at 18 C.F.R. §35.19a(a)(2)(iii) from the date of any payment for Network Upgrades through the date on which the Interconnection Customer receives a repayment of such payment. Interest shall continue to accrue on the repayment obligation so long as this LGIA is in effect. The Interconnection Customer may assign such repayment rights to any person. If the Large Generating Facility fails to achieve commercial operation, but it or another Generating Facility is later constructed and makes use of the Network Upgrades, the Participating TO shall at that time reimburse Interconnection Customer for the amounts advanced for the Network Upgrades. Before any such reimbursement can occur, the Interconnection Customer, or the entity that ultimately constructs the Generating Facility, if different, is responsible for identifying the entity to which reimbursement must be made.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

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